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Phoenix Interests, Inc. : Phoenix Interests, Inc. Files Quarterly Report and Continues in Transition of Business Model to Pursu

^{Published on 2009-05-21 09:14:08, Last Modified on 2009-11-02 12:03:36 - Market Wire}
 

LUDLOW, KY--(Marketwire - May 21, 2009) - Phoenix Interests, Inc. (OTCBB: [ PXIT ]) today announced filing SEC Form 10-Q for the first three months of 2009. The Company continues in its transition to a new business model to pursue the growing global mobile application market.

Earlier this week, the Company launched a preliminary website that includes an overview of its mobility technology strategy and recent company developments, including the acquisition of Stonewall Networks, Inc. ([ www.stonewallnetworks.com ]). This acquisition is part of the Company's roll-up strategy to create a comprehensive and global mobile computing technology business and is the first of several planned acquisitions. Products from Stonewall Networks will provide a security backbone for the Company's mobile solutions strategy. Stonewall Networks has developed a proprietary software solution for mobile network security, including an innovative security policy management product for enterprise customers.

Anyone interested in the Company's developments is encouraged to check the website often for corporate updates. The website is available at [ www.pxinterests.com ].

Mobility Technology Overview Webcast

Last week, the Company released a Corporate Overview Webcast. The Webcast highlights Phoenix Interests' plans to reach $1 million in first year revenue, Stonewall Network's products and the Company's recent partnership with the NewMarket Technology, Inc. (PINKSHEETS: [ NMKT ]) Greenfield program. The Greenfield program accelerates the introduction of new technologies into new markets, and the program is designed to improve the return on investment (ROI) potential of emerging technology and emerging market business initiatives.

The Webcast is now available for review on the Company's corporate website. A link to the Webcast titled 'Phoenix Interests Corporate Overview Webcast (May 15, 2009)' is available on the home page of the Phoenix Interests website at: [ www.pxinterests.com ].

Mobile Computing Solutions Worldwide

The demand for mobile software applications is being driven in large part by the growing penetration of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. According to IDC, the worldwide mobile phone market reached a new milestone at the close of 2006 with more than one billion units shipped worldwide over the year.

Corporate Email Updates

To be added to Phoenix Interests' e-mail database to receive company updates, please send an e-mail to [ info@pxinterests.com ].

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Phoenix Interests' actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.